The nation’s life and health insurers experienced a $203 million, or 1.6 percent, decline in operating profits during the first three months of 2000, as compared to the year-earlier period, according to a study by Weiss Ratings Inc., an independent provider of insurance company ratings and analyses. Drags on operating profits included an increase in surrenders and life insurance claims.
However, the life and health companies realized a $164.8 million increase in capital gains which helped offset the profit decline. After adjusting for some miscellaneous items, the industry wound up with an overall net profit that was virtually flat when compared with last year’s—up a slight 0.6 percent, or $37.4 million.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
Tesla Premiums Soared in 2025 With Loss Ratios Worse Than Industry 
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens 
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul From This Issue
